TaxTMI 
TaxTMI 
Arbitration Mechanism in Stock Exchanges
X X X X Extracts X X X X
X X X X Extracts X X X X
....available at stock exchanges for arbitration of disputes (claims, complaints, differences, etc.) arising between a client and a member (Stock Broker, Trading Member and Clearing Member) across various market segments. II. Based on feedback from investors, it has been decided to replace Para 7 of the SEBI Circular Ref. No. CIR/MRD/DSA/24/2010 dated August 11, 2010 by the following:-. "7. Arbitrat....
X X X X Extracts X X X X
X X X X Extracts X X X X
....lakh > 25,00,000 ₹ 17,500 plus 0.2 % amount above ₹ 25 lakh subject to maximum of ₹ 30,000 ₹ 52,500 plus 0.6 % amount above ₹ 25 lakh subject to maximum of ₹ 90,000 7.2 A client, who has a claim / counter claim upto ₹ 10 lakh and files arbitration reference for the same within six months, shall be exempt from the deposit. 7.3 In all cases, on issue of....
X X X X Extracts X X X X
X X X X Extracts X X X X
....or the dispute, and after excluding:- a. the time taken by the Investors Grievances Redressal Committee of the Stock Exchange (the time taken from the date of receipt of dispute till the decision by the committee) to resolve the dispute under its Rules, Bye-laws & Regulations, and b. the time taken by the member to attempt the resolution of the dispute (the time from the date of receipt of dis....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... SEBI, the status of implementation of the provisions of this circular in the Monthly Development Reports to SEBI. IV. SEBI inspection of stock exchange shall cover implementation of this circular. V. This Circular is issued in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act 1992, read with Section 10 of the Securities Contracts (Regulatio....